2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2025

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

A. Deposits (Continued)

As of December 31, 2025, the City had the following deposits:

City Deposits Component Unit Deposits

$

20,939,711 3,402,808

Total Deposits

$ 24,342,519

B. Investments As of December 31, 2025, the City held the following investments:

Years to Maturity

One Year Less than

Moody's Rating

Value

1-5 Years

5-10 Years

10-15 Years

Concentration

Pooled Investments:

Money Market Fund Certificate of Deposit

$

3,823,078 19,265,785

$

5,907,565 3,823,078

$

13,358,220 -

- -

- -

21.99% 4.36%

NR NR

Agencies

FFCB FAMC FHLB

8,344,176

594,954

4,376,880

2,818,417 906,104 - 3,372,342 -

- - - - -

3.71% 2.17% 13.79% 0.28% 24.29% 4.51% 0.36% 14.31% 9.53% 0.70%

AAA AAA AAA AAA AAA AAA AAA AAA

609,558

-

609,558

12,078,538 1,904,184 3,246,386

4,667,899

4,592,222

FNMA FHLMC

- -

998,080

3,246,386

Agencies- Mortgage Backed

FHLMC FNMA

317,991

2,044

244,495 583,288 182,717

133,230

- 98,418

3,950,527

- -

3,268,821

SBA

244,495

-

- - -

US Treasury Notes Municipal Bond

12,532,919 21,272,351

3,042,026 4,645,415

12,425,703 7,095,504

5,804,622

AAA-AA3

792,000

NR

Total Investments

$

87,589,988

$

22,682,981

$

47,713,053

$

17,095,536

$

98,418

As of December 31, 2025, the component units had the following investments:

Years to Maturity

One Year Less than

Moody's

Value

1-5 Years

5-10 Years

10-15 Years

Concentration

Rating

Pooled Investments:

4M Fund

$

2,720,292 9,378,888

$

2,720,292 9,378,888

$

- - -

$

- - - - - -

$

- - - - - - -

5.93% 68.62% 7.51% 1.30% 0.50% 12.50% 3.64%

AA NR NR NR

4M Plus Fund

Commercial Paper Municipal Bonds Money Market Fund

976,071 378,213

150,731 378,213

825,340

4,450,795 51,484,501 5,634,194

4,450,795 18,130,459

-

N/A N/A

US Treasuries US Agencies

33,354,042 4,689,087

837,666

107,441

AAA

Total Investments

$

75,022,954

$

36,047,044

$

38,868,469

$ 107,441

$

-

The City’s investment policy, which covers all funds except the component units, addresses the following risks. The City’s component units also have a formal policy to address the following risks.

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